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Rupee rises by 7 paise to 83.82 against US dollar in early trade

Rupee rises by 7 paise to 83.82 against US dollar in early trade

Fri, Aug 30, 2024

Rupee appreciated 7 paise to 83.82 against the US dollar in morning trade on Friday, supported by significant foreign fund inflows and a positive trend in domestic equities.Forex traders said a rise in global risk sentiments supported the rupee, while recovery in the US dollar and month-end dollar demand from importers and oil marketing companies (OMCs) weighed on investor sentiments.At the interbank foreign exchange market, the local unit opened at 83.83, then gained ground to touch 83.82, registering a rise of 7 paise from its previous close.

Rupee falls 3 paise to close at 83.96 against US dollar

Rupee falls 3 paise to close at 83.96 against US dollar

Wed, Aug 28, 2024

The Indian rupee depreciated by 3 paise to close at 83.96 against the US dollar on Wednesday, amid strong dollar demand from importers, especially oil companies. Despite this, a positive trend in domestic equities, foreign fund inflows, and a decline in crude oil prices provided some support.

Currency news: Rupee falls 2 paise to 83.95 against US dollar in early trade

Currency news: Rupee falls 2 paise to 83.95 against US dollar in early trade

Wed, Aug 28, 2024

The rupee depreciated by 2 paise to 83.95 against the US dollar, influenced by a muted trend in domestic equities. Despite the dip, the rupee's downside appears well-contained, supported by anticipated RBI intervention.

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Sebi, exchanges gears up surveillance to handle Rexit jitters

Sebi, exchanges gears up surveillance to handle Rexit jitters

Sun, Jun 19, 2016

Banks and forex dealers are also gearing up to meet any excessive money demand, especially for dollar, on concerns that Rajan's eventual exit this September could trigger capital outflows amid jitters among foreign investors.

India might see a shortage of dollars in the coming days

India might see a shortage of dollars in the coming days

Wed, Jun 08, 2016

He, however, assured that these outflows have been covered in the forward market and an advance deliveries of these forward positions will be carried by the central bank in the lead up to the maturity of these deposits. Simply put, Rajan has made sure that this sudden outflow of $20 billion doesn’t lead to any fluctuation in rupee’s value.

Higher opening in equity markets pushes rupee up 13 paise against dollar

Higher opening in equity markets pushes rupee up 13 paise against dollar

Fri, Jun 03, 2016

A higher opening in the domestic equity market backed up the rupee at the Interbank Foreign Exchange.

BSE, NSE end the day in red

Mon, May 23, 2016

Latest trends and stock prices on the BSE and NSE.

India's forex reserves down by $970 million

India's forex reserves down by $970 million

Sat, May 21, 2016

India's foreign exchange reserves went down marginally by $970 million to $361 billion as on May 13, the Reserve Bank of India (RBI) said. According to RBI's foreign exchange data, the reserves stood at $361.02 billion as on May 13, against $361.99 billion as on May 6.

Rupee stutters, falls 4 paise against dollar

Rupee stutters, falls 4 paise against dollar

Fri, May 20, 2016

The dollar was firm against some global currencies after minutes of US Fed's April policy meeting hinted at the possibility of a June rate hike, which made the rupee slide further, dealers said.

Rupee slides 6 paise against dollar to 66.61

Rupee slides 6 paise against dollar to 66.61

Thu, May 05, 2016

The rupee had closed 13 paise lower at 66.55 at the Interbank Foreign Exchange yesterday.

Rupee opens 8 paise lower against dollar at 66.41

Rupee opens 8 paise lower against dollar at 66.41

Mon, May 02, 2016

The rupee had recovered by 19 paise against the American unit to close at 66.33 in Friday's trade

Markets, Rupee fall in opening trade

Markets, Rupee fall in opening trade

Mon, Apr 25, 2016

The Sensex of the BSE, which opened at 25,891.03 points, was trading at 25,858.95 points (at 9.17 a.m.) in the early session, up 20.81 points or 0.08 percent from the previous day`s close at 25,838.14 points.

Raghuram Rajan says forex intervention to continue to reduce volatility

Raghuram Rajan says forex intervention to continue to reduce volatility

Tue, Apr 19, 2016

"We`re still in an accommodative mode. Precisely when and by how much we will raise interest rates, we will have to see."

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